Course Overview and Instructor Introduction | Elysian HR

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Compensation 101: What Every Biotech Employee Should Know (And what HR Doesn’t Always Share)

Introduction

Course Overview and Instructor Introduction (2:00)
Course Agenda (0:37)

The Compensation Landscape

Macroeconomic Conditions (0:47)
Labor Market Dynamics (1:19)
Pay Transparency Regulations (1:47)

Compensation Models

Market Pay Model (0:33)
Equal Pay Model (0:20)
Flexible Pay Model (0:28)
Value Pay Model (0:28)

Key Compensation Principles in Biotech

Market Benchmarking (0:45)
Getting Personalized Salary Reports (0:40)
Total Rewards (1:04)
Elements of Compensation (3:26)
Compensation Philosophy (1:38)

Compensation Part I- Base Salary

How are Salaries Determined? (2:21)
Salary Ranges (1:08)
Example: Progression within a Salary Range (1:51)
Example: Job Structure Matrix (0:26)

Compensation Part II- Bonus

Annual Bonus (0:39)
Example: Company Bonus Structure (0:55)
Individual and Company Bonus Splits (1:27)
Example: Bonus Calculation (2:08)

Compensation Part III- Equity

Basic Principles of Equity (1:25)
Equity: Key Terms and Definitions (3:26)
Common Types of Equity: Stock Options and RSUs (1:52)
Example: How Stock Options Work (2:59)
Example: How RSUs work (2:08)

Compensation Part IV- Other Financial Benefits

Other Financial Benefits (2:18)

Interview Preparation and Negotiation

Do's and Don'ts during an Interview (3:07)

Conclusion

Session Recap (1:02)
How to Contact Us (0:17)

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Course Overview and Instructor Introduction

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